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Europe lockdowns expected to dent Capri revenue, China in focus - Netscape Money & Business

Europe lockdowns expected to dent Capri revenue, China in focus - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Uday sampath kumarJessica ramirezCapri versaceAditya soniJimmy chooUday sampathMichael korsJane hali associatesCapri holdings ltdCapri holdingsJane haliWall streetஊடாய் சம்பத் குமார்ஜெசிகா ரெமிரெஸ்கேப்ரி வசனம்ஜிம்மி சூ

Europe lockdowns expected to dent Capri revenue, China in focus

3 Min Read (Reuters) - Capri Holdings is expected to post a fourth straight fall in quarterly revenue on Wednesday as the blow from fresh lockdowns in Europe eclipses a China-driven recovery in sales of its luxury handbags and apparel. FILE PHOTO: The logo of Michael Kors is seen on an outlet store in Metzingen, Germany, June 16, 2017. REUTERS/Michaela Rehle A spike in coronavirus infections from late last year forced many European governments to put their economies back into lockdown, keeping consumers away from stores during the crucial holiday shopping season. Capri not only has to deal with store closures in Europe and sluggish department store traffic due to the pandemic, but also a “stale” Michael Kors brand image, Jane Hali & Associates retail analyst Jessica Ramirez said.

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VF s supreme brand right now is The North Face

Share it Apparel conglomerate VF Corp. closed on its $2.1 billion purchase of online streetwear sensation Supreme in the waning days of 2020. It was an acquisition coup that has been the buzz of the industry and part of a concerted effort to perfect the VF portfolio. For several years now, that has also entailed dumping brands, including several workwear labels and denim companies Wrangler and Lee. But its star player right now is one it s hung on to for more than two decades, the more than 50-year-old outerwear brand The North Face, maker of tents, backpacks and puffy ski jackets, which VF bought in 2000. Several analysts called out the brand as a major contributor to VF s third quarter, which beat most expectations on profit and margins.

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Master P and Baron Davis are in talks to buy Reebok

Master P and Baron Davis are in talks to buy Reebok, Forbes and ESPN reported Rapper and former NBA All-Star are discussing a deal worth reported $2.4billion Reebok has struggled to find market share against rivals Nike, New Balance Adidas bought Reebok in 2005 for $3.8billion; Company now open to selling Master P said it would be history if Reebok were to be black-owned

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Nike Records 3 Straight Quarters of 80% Digital Growth — Can It Keep Up the Momentum?

Nike Records 3 Straight Quarters of 80% Digital Growth Can It Keep Up the Momentum? Samantha McDonald As the coronavirus pandemic persists, Nike is only getting stronger and analysts believe that momentum is here to stay. The sportswear giant, which reported better-than-expected earnings after Friday’s market close, has logged three consecutive quarters of roughly 80% digital growth. During Q2 2021, its online sales surged 84%, or 80% on a currency-neutral basis. It recorded triple-digit improvements in North America and solid double-digit increases in the Europe-Middle East-Africa region, Greater China, as well as Asia Pacific and Latin America countries. More from Footwear News “As we’ve said, this growth won’t always be so uniform, but we are growing the pie and taking share from competition,” CEO John Donahoe said in a conference call. “This is the sharp point of our strategy. The consumer shift to digital is permanent, and our digital penetr

United statesAsia pacificJessica ramirezJohn donahoeJane hali associatesNorth americaEurope middle east africaGreater chinaLatin americaJane haliWall streetNike directJordan brandMatthew bossஒன்றுபட்டது மாநிலங்களில்ஆசியா பெஸிஃபிக்